India approves $5.3bn to build six more Scorpene submarinesStaff Writer | February 4, 2019
The Defence Acquisition Council (DAC) in India approved indigenous construction of six submarines for the Indian Navy at a cost of over Rs. 40,000 crores.
Asia SP model envisages indigenous manufacturing
SP model envisages indigenous manufacturing of major defence platforms by an Indian Strategic Partner, who will collaborate with foreign OEM to set up production facilities in the country.
The model has a long-term vision of promoting India as a manufacturing hub for defence equipment through transfer of niche technologies and higher indigenous content, thereby enhancing self-sufficiency for meeting the future requirements of the Armed Forces.
Today's DAC approval would be second such project following indigenous production of 111 Naval Utility Helicopters that was approved in August 2018.
Construction of six submarines under Project 75(I) will provide a major boost to the existing submarine design and manufacturing eco-system in India through transfer of design and equipment technology as well as necessary skill sets.
The DAC also approved the acquisition of approximately 5,000 Milan Anti-Tank Guided Missiles for the Army. ■